\begin{table}[htbp]\centering
\def\sym#1{\ifmmode^{#1}\else\(^{#1}\)\fi}
\caption{Chinese Mergers and Acquisitions and Threat Perceptions - Placebo Test}
\begin{tabular}{l*{4}{c}}
\toprule
                &\multicolumn{4}{c}{China Threat == 1}              \\\cmidrule(lr){2-5}
                &\multicolumn{1}{c}{(1)}   &\multicolumn{1}{c}{(2)}   &\multicolumn{1}{c}{(3)}   &\multicolumn{1}{c}{(4)}   \\
\midrule
Chinese M\&A    &    0.003   &    0.016   &    0.010   &    0.013   \\
(logged)        &  (0.006)   &  (0.010)   &  (0.008)   &  (0.008)   \\
China GFDI No   &            &   -0.036** &            &            \\
(logged)        &            &  (0.017)   &            &            \\
China GFDI Value&            &            &   -0.012*  &            \\
(logged)        &            &            &  (0.006)   &            \\
China GFDI Jobs &            &            &            &   -0.012** \\
(logged)        &            &            &            &  (0.005)   \\
Nationalism     &    0.047***&    0.046***&    0.047***&    0.047***\\
                &  (0.005)   &  (0.004)   &  (0.004)   &  (0.004)   \\
Education       &    0.003   &    0.005   &    0.004   &    0.004   \\
                &  (0.005)   &  (0.005)   &  (0.005)   &  (0.005)   \\
Economic Outlook&   -0.000   &   -0.000   &   -0.000   &   -0.000   \\
                &  (0.003)   &  (0.003)   &  (0.003)   &  (0.003)   \\
Party           &    0.031***&    0.031***&    0.031***&    0.031***\\
Identification  &  (0.002)   &  (0.002)   &  (0.002)   &  (0.002)   \\
Age             &    0.003***&    0.003***&    0.003***&    0.003***\\
                &  (0.000)   &  (0.000)   &  (0.000)   &  (0.000)   \\
Female          &   -0.010   &   -0.010   &   -0.010   &   -0.010   \\
                &  (0.009)   &  (0.009)   &  (0.009)   &  (0.009)   \\
Black           &   -0.066***&   -0.062***&   -0.064***&   -0.063***\\
                &  (0.018)   &  (0.018)   &  (0.018)   &  (0.018)   \\
Hispanic        &   -0.020   &   -0.017   &   -0.017   &   -0.016   \\
                &  (0.019)   &  (0.019)   &  (0.019)   &  (0.020)   \\
Other           &   -0.005   &   -0.003   &   -0.003   &   -0.003   \\
                &  (0.017)   &  (0.017)   &  (0.017)   &  (0.017)   \\
\% Unemployment &    0.008** &    0.007*  &    0.007*  &    0.007*  \\
                &  (0.004)   &  (0.004)   &  (0.004)   &  (0.004)   \\
\% Manufacturing&   -0.001   &   -0.001   &   -0.000   &   -0.001   \\
                &  (0.001)   &  (0.001)   &  (0.001)   &  (0.001)   \\
\% Chinese      &   -0.008*  &   -0.003   &   -0.005   &   -0.005   \\
                &  (0.004)   &  (0.005)   &  (0.005)   &  (0.004)   \\
Median Income   &    0.010   &    0.016   &    0.017   &    0.020   \\
(logged)        &  (0.034)   &  (0.034)   &  (0.033)   &  (0.034)   \\
Constant        &    0.002   &            &            &            \\
                &  (0.367)   &            &            &            \\
\midrule
Observations    &   11,715   &   11,715   &   11,715   &   11,715   \\
State Fixed Effects&      Yes   &      Yes   &      Yes   &      Yes   \\
Year Fixed Effects&      Yes   &      Yes   &      Yes   &      Yes   \\
\bottomrule
\end{tabular}
\end{table}
